Private colleges must be monitored

Thousands of international students have found themselves stranded in Australia after the collapse of a private education company.

As Australian education departments scramble to find places for many students to sit their end-of-year exams, people here may be wondering: what's happening to Australian higher education? What lessons can Chinese private colleges draw from the experience?

Education is a huge and successful business in Australia. Hundreds of thousands of international students, including 120,000 from China, are studying in Australia. They contribute about A$15.5 billion to Australia's education sector, helping make education its third-largest export industry.